Nebraska will spend $500 million to claim South Platte River water from Colorado

Nebraska Gov. Pete Ricketts announced a $500 million plan Monday to divert water out of Colorado under a 99-year-old compact between the states that allows Nebraska to seize access to Colorado land along the South Platte River and build canals.

Ricketts said Nebraska would invoke its rights under the South Platte River Compact amid concerns that Colorado’s plans for the river could reduce water flows into his state by as much as 90%, taking a potentially huge toll on Nebraska’s agricultural and power industries and likely affecting water supplies in the state’s two largest cities, Omaha and Lincoln